5 Best Places in Arkansas For A Couple To Live On Only Social Security

3. El Dorado

Insider Monkey Score: 40

IM Cost of Living Index: 81.7

Median Home Price: $240,000

Average Rent (2-bedroom): $730

Livability Score: 70

Number three on our list of best places in Arkansas for a couple to live on only Social Security is the hidden gem of El Dorado. Revered for its rich history, Southern charm, and thriving arts scene, El Dorado has everything a retiree looks for when settling down in their golden period. There is a beautifully preserved downtown area, abundant cultural events, concerts, and festivals, as well as quality healthcare facilities. Places such as the Murphy Arts District (MAD) are the heart of the town, hosting everything from concerts and festivals to theater productions and more.